A LITERATURE REVIEW ON COVID-19 PANDEMIC IMPACT ON MSMES IN INDIA
Abstract
Over the past two years, the Covid-19 pandemic has been seen all over the world. Unprecedented chaos has been caused by the unknowable and unexpected calamity. The negative effects of this pandemic are widely acknowledged, and it spread like a virus that adversely affected international trade. India, the second-most populous nation, is not exempt from this hardship. Since March 2020, our nation has been on lockdown, which is one of the measures being taken to stop the pandemic's spread. However, the unlock scenario is being introduced gradually. Even while lock down was successful in stopping the pandemic's spread, it allowed the economy to stagnate. Industries in the manufacturing and service sectors struggled to remain under lockdown and fell into a rut. The majority of the businesses sustained significant losses and were in danger of folding. Due to this lock down step, the MSME (Micro, Small and Medium Enterprise) sector has been severely impacted. The current paper summarises a review of MSMEs-related literature published during the previous two years. The research was compiled from a variety of journal articles, official reports, newspaper pieces, etc.
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